MobileIron (MOBL) Shares are Down -7.78%

MobileIron (MOBL) : During the past 4 weeks, traders have been relatively bearish on MobileIron (MOBL), hence the stock is down -7.02% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -7.76% relative to the S&P 500. The 4-week change in the price of the stock is -6.67% and the stock has fallen -7.78% in the past 1 week.

MobileIron, Inc. is up 3.36% in the last 3-month period. Year-to-Date the stock performance stands at -14.68%. The stock has recorded a 20-day Moving Average of 7.38% and the 50-Day Moving Average is 4.88%.


MobileIron (NASDAQ:MOBL): The stock was completely flat for the day, closing at $3.08 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $3.08, the stock touched an intraday high of $3.11 and a low of $3.04. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $3.08. The total trading volume on Friday was 332,666.

Also, Barclays downgrades its rating on MobileIron (NASDAQ:MOBL). The global brokerage major lowers the current price target from $6 per share to $3 per share. Analysts at the Barclays have a current rating of Underweight on the shares. The shares were previously rated Overweight. The rating by the firm was issued on July 15, 2016.

MobileIron, Inc., formerly Mobile Iron, Inc., provides a purpose-built mobile Information Technology (IT) platform for enterprises to secure and manage mobile applications, or apps, content and devices while providing their employees with device choice, privacy and a native user experience. The Company has introduced new products and functionality to address the management and security of mobile applications and content, and has extended its solution to a cloud offering to enable deployment flexibility for its customers. The Companys platform enables four areas of functionality, which include Mobile Device Management (MDM), Mobile Application Management (MAM), Mobile Content Management (MCM) and Advanced Services. It focuses on customers of all sizes across a range of industries, including financial services, government, healthcare, legal, manufacturing, professional services, retail, technology and telecommunications.

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